Am I eligible for an LPFSA?
If your company offers a High Deductible Health Plan that is compatible with HSA and you are enrolled in HSA, then you are eligible to enroll in a LPFSA. There are exceptions, self-employed employees and shareholders who own 2% or more in an S-Corp, LLC, LLP, PC, sole proprietorship, or partnerships are generally ineligible for LPFSAs.
If you already have a health savings account (HSA), or intend to sign up for one, you can only enroll in a Limited Purpose FSA and Child & Elderly Care FSA. You may not be enrolled in an HSA and a full purpose Health Care FSA at the same time.